Western sanctions, Houthi attacks boost appeal of Russia’s Arctic Sea route

Quick Summary:

Russia commenced its first oil shipment of the year via the Northern Sea Route to China, typically used only in summer.

More Russian tankers may opt to use the Northern Sea Route in a bid to avoid the violence and get their cargoes to buyers more quickly.

The 2,500-mile shipping route, which traverses waters off the Siberian tundra, is typically only used during summer months when ice conditions are less severe.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: IndiaChinaYemen

Topics: Western sanctions Houthi attacks Oil shipment Northern Sea Route Arctic sea route

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 10:15:26 (1 days ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 738 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 21769299

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 3 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #84

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